Rising Number of Home Loans Contributes to Rally of Aussie

The Australian dollar rallied against other most-traded currencies today. Positive domestic macroeconomic data likely contributed to the rally.
The Australian Bureau of Statistics reported that the seasonally adjusted number of home loans rose by 5.0% in July from the previous month. That was a far bigger increase than 0.5% predicted by specialists. The big increase followed the decrease of 0.8% in June.
AUD/USD climbed from 0.6839 to 0.6869 as of 9:26 GMT today. EUR/AUD dropped from 1.6110 to 1.6064.

If you have any questions, comments, or opinions regarding the Australian Dollar, feel free to post them using the commentary form below.

Leave a Reply

Your email address will not be published. Required fields are marked *